The government has introduced in Parliament a Bill to amend the Factories Act, 1948, with a view to double overtime hours in an establishment with 10 or more workers, to 100 per quarter. The aim is to enhance employment opportunities and facilitate the ease of doing business. The Bill also propos…
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Guj & Israel discuss possible investment synergies in startups
Israel extended a warm welcome to the visiting Vibrant Gujarat delegation from India. The first meeting of the delegation was Start-Up Nation Central to discuss and connect Government and Business leaders between Israel and the state of Gujarat in India. The Vibrant Gujarat delegates discussed po…
MSME Databank launched; salient features you need to know
Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
Niti Aayog ties up with US EIA to set up portal on energy data
Moving a step closer to set up a portal to host all the data related to energy sector in the country, Niti Aayog on Aug 10 inked a pact with US Energy Information Administration (EIA). The think tank is working to develop India’s energy data agency which would take 3-4 years to develop. The…
IndiaOnline.in launches India’s first all-in-1 marketing solutions for SMEs
India Online Network, headed by www.IndiaOnline.in, has launched its new revolutionary product ‘All-in-1 Marketing Solutions’ for Small & Medium Enterprises (SMEs) across the country which enables SMEs to manage their online presence with ease and reach out to new customers in a very cost-eff…
GST to streamline border-less business across states: Telangana/Andhra Chamber
The Goods and Services Tax (GST) is the biggest indirect tax reform in India, which is almost similar to the reforms of economic liberalisation in the country during 1991, as per Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI). GST is a culmination of 17-18 …
JICA examining Rs 7,000 cr support to Indian dairy coops
Japan International Cooperation Agency (JICA) is examining a proposal of about Rs 7,000 crore to support dairy cooperatives for modernisation of processing facilities, the government said. Animal Husbandary Secretary Devendra Chaudhry chaired a meeting comprising senior officials from IDBI, NABAR…
3rd India International MSME Expo & Summit 2016; big push to sector
MSME Development Forum in association with Ministry of MSME and Ministry of Commerce (DIPP) is organising the 3rd INDIA MSME EXPO & SUMMIT 2016’ from August 11 to 13, 2016 in Hall No. 14 at Pragati Maidan, New Delhi with India Trade Promotion Organization, a Ministry of Commerce undertaking i…
Arun Jaitley to launch MSME databank, finance facilitation centres
Finance Minister Arun Jaitley will launch a databank to gather information about Micro, Small and Medium Enterprises on August 11, besides Online Finance Facilitation Centres to provide collective funding options for MSMEs. “Through the databank, we shall carry out a census of MSMEs online …
Nimala Sitharaman launches e-Marketplace to ensure transparency in governance
Aiming to ensure greater transparency and revolutionise government procurement, Commerce and Industry Minister Nirmala Sitharaman has launched the Government e-Marketplace (GeM), an official statement said in New Delhi. The Directorate General of Supplies and Disposals (DGS&D) has developed t…